Question

Ref URL; http://en.wikipedia.org/wiki/Future_value

Earlier similar question; calculate Future value in iPhone

Like we hvae PV (Present value0, FV (Future value), No. of years (N) and growth rate (%)

How can we calculate growth rate (or interest rate) using the other 3 variables in iPhone?

Code for FV below;

-(float) calcFVFromPresentValue: (float) pv interest_rate: (float) interest_rate time: (float) time
{
    float fv;

    //pv = 200000.0; // present value
    //i  = 0.012;    // interest rate (1.2%)
    //t  = 5.0;      // time period

    fv = pv * pow (1.0 + interest_rate, time);
    return fv;

}

Answer 1

since r = (FV/PV)^(1/t) – 1, in Objective-C and your variables:

-(float) calcRateFromPresentValue:(float)pv futureValue:(float)fv time:(float)time
{
float rate = 0.0;

rate = pow( (fv/pv), (1/time) ) - 1;
return rate;
}

note: in the future, try doing it on your own first, we’re not code monkeys (i add this edit after i monkey your code of course :p)

edit2: left off the minus 1 in the formula.